China is considering freeing its sovereign wealth fund, China Investment Corporation, from holding onto bank shares in China. This move would make the fund not a bank in the eyes of the U.S. government, allowing it to act more freely in the U.S. market.

The Agricultural Bank of China IPO is set to come to market today, and could raise more than any other IPO in history. AgBank's IPO has been troubled by concerns it is too exposed to rural China rather than the country's city growth engines.

China has been moving to invest significantly in Japanese sovereign debt, in an effort to diversify its foreign debt holdings. In the first four months of 2010, China purchased $6.2 billion in debt from the Japanese government.

BP has denied the need to raise funds through a new share issue in order to support itself in the wake of the Gulf oil spill. The company is trying, however, to raise support for its stock by targeting middle-east investors.

A new tropical depression is showing signs of strengthening in the Gulf of Mexico, with the potential to threaten the area impacted by the oil spill. The storm is currently off the coast of the Yucatan Peninsula.

Bonus: Jenna Fischer, also known as Pam on The Office, has married her new husband Lee Kirk.